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BASF’s new battery materials site in Schwarzheide, eastern Germany, will start production towards the end of the year, the company said as it seeks to cater to a growing European electric vehicle industry. Under a push to build a global materials network serving the EV industry, BASF has been seeking a string of alliances with
2:53 PM ET Mauro Forghieri, the technical director and designer who helped Ferrari win a string of Formula One titles from the 1960s through to the 1980s, has died in Italy at the age of 87. “Legends last forever…It’s been an honour making history together. Ferrari and the world of motorsport will never forget you,”
A high-profile case involving a fatal crash triggered by a Tesla using Autopilot is heading to trial on November 15. The accident occurred on December 29, 2019 when Kevin George Aziz Riad exited a freeway in his Tesla Model S, proceeding to run a red light and crash into a Honda Civic. The occupants of
Garrett Motion Inc., a key supplier of automotive turbochargers and other equipment, is exploring strategic options including a sale, people familiar with the matter told Bloomberg. The Rolle, Switzerland-based company is working with an adviser on a possible sale, said the people, who asked not to be identified because they weren’t authorized to speak publicly.
Germany has called for a pause in the developing deep-sea mining industry, saying not enough is known about the likely impacts of mining the seabed for battery metals. The world’s fourth-biggest economy joins countries including New Zealand and France in calling for seabed mining exploration to stop until further research is done on environmental effects.
Geely’s premium electric vehicle brand Zeekr has unveiled its second production model in China, the striking 009 large minivan based on a stretched version of the parent company’s SEA (Sustainable Experience Architecture) electric platform that also underpins the 001 crossover. Zeekr‘s eccentric-looking minivan stands out thanks to its blocky body shape and features like the
Club holdings Wells Fargo (WFC), Ford (F) and Apple (AAPL) are in the news Wednesday, with potential implications for our investment outlook. Here are the noteworthy headlines of the day, along with the Club take. Wells Fargo The news: Wells Fargo could initiate another round of layoffs at its home mortgage division amid a collapse
Porsche has an answer for those who want something different in the Porsche 718 lineup, but it’s not the upcoming 2023 Porsche 718 Spyder RS. On Tuesday, the 2023 Porsche 718 Cayman Style Edition and 718 Boxster Style Edition were announced with an available vibrant and eye-catching finish. The Style Edition can optioned in a
Volvo’s next-generation EX90 electric crossover will introduce lidar technology that cocoons the vehicle in an “invisible shield of safety.” Lidar is a remote sensing method that uses laser light pulses to render precise images of the environment around the vehicle. While automakers typically embed safety sensors in the vehicle grille or front fascia, Volvo positioned
9:19 AM ET Associated Press The tit-for-tat war between Zak Brown and Chip Ganassi took another turn Tuesday when Arrow McLaren SP announced it had signed both a Ganassi sponsor and Tony Kanaan to drive the Indianapolis 500. Kanaan spent four seasons driving for Chip Ganassi Racing and the last two Indianapolis 500s. The 2003
Seating and electronics supplier Lear Corp. reported improved financial performance in the third quarter, fueled by better market conditions. Lear said net income increased 440 percent from a year ago to $92 million in the third quarter, while sales rose 23 percent to $5.2 billion, due primarily to improved production volumes. Core operating earnings increased
A manslaughter trial set to begin in Los Angeles for a fatal crash caused by a Tesla operating on Autopilot presents a first-of-its kind test for the legal responsibility of an occupant in a car that was partly driving itself, legal experts say. The trial, set to begin Nov. 15, comes as civil cases head
By Joey Klender Posted on November 1, 2022 Tesla Gigafactory Berlin is expanding, and progress on the early stages of land development has officially begun. Tesla has started clearing additional trees from the property, according to drone operators who followed the Gigafactory Berlin property this weekend. The new project will clear an additional 70 hectares
In this article LI NIO XPEV Follow your favorite stocksCREATE FREE ACCOUNT Xpeng said deliveries of its newly launched G9 SUV surged in October from September, despite a drop in the brand’s overall monthly deliveries. China News Service | China News Service | Getty Images BEIJING — Chinese electric car startup Xpeng delivered about half
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MILAN – Kia will expand its range of full-electric models with a small crossover due to be launched in 2024 as well as a compact hatchback as soon as 2025 that would be the South Korean brand’s first EV assembled in Europe. The two cars were revealed as part of Kia’s revised 2030 EV strategy,
9:07 AM ET Trick or treat. On Monday night, we had to choose. Something sweet to consume or something clever that someone comes up with, maybe even something we’ve never seen before? On Sunday evening at Martinsville Speedway, we weren’t forced to pick one or the other. We got it all at once. And that